Winchester City
Swimming Club
Winchester City
Swimming Club
Annual Report and Financial Statements
Year Ended 31st August 2025
We have been teaching swimming
for over 100 years. From early
starters to Olympic hopefuls,
together we swim with the same
belief - to reach from one end of the
pool to the other. Old or young. Fast
or slow.
If We Try. We Win.
sAimMark
ESSENTIAL CLU8
Registered charity #1153439
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Winchester City
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Contents
l. Legal and administrative information
2. Introduction
3. Board of Trustees
4. CEO report
5. Welfare
6. Membership
7. Major events timeline
8. Learn to Swim
9. Community Programme
10. Development and Performance Swimming Programme
11. Winchester Hosted Meets
12. Operational Management
13. Facilities
14. Financial Management
15. Board Approval
16. Annual financial statement
l. Legal and administrative information
Trustees
Becky Roberts
Sue Falconer
David Lynch
Darren Whitt
Michael Fowkes
Charity number
1153439
Charity name
Winchester City Penguins Swimming Club
Independent Examiner
Knight Goodhead Limited
7 Bournemouth Road
Chandlerfs Ford
Eastleigh
Hampshire
S053 3DA
Governing Instrument
The WCPSC Constitution acts as the governing instrument of the Charitable Incorporated
Organisation. The Constitution defines how WCPSC is organised, managed and affiliated and
must comply with Swim England's model and be approved by both Swim England and the
Charity Commission.
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2. Introduction
Our Objectives
The objects of the CIO are: la) The promotion of community participation in healthy
recreation, primarily but not exclusively, for the benefit of the inhabitants of Winchester and
the surrounding areas by the provision of teaching / development / competitive Swimming
activities and associated activities
OUR VISION
"Water Working Well in Winchesterf,
OUR MISSION
"Together, by 2026 we'll create a healthier, happier and more successful Winchester
Swimming CommunitW'
Our aims
l. We will provide an outstanding Learn to swim experience in Winchester
2. We will expand our community provision
3. We will provide a Performance Programme that consistently delivers success at
Regional and Home Nation Championships.
4. We will deliver a thriving Club Programme focused on county success and the
engagement and retention of swimmers.
5. We will take a lead role in raising the swimming bar in Winchester and surrounding
areas acr055 those who provide Swimming opportunities
6. We will continue to improve the governance, structure, equality and financial
sustainability as we grow ourclub
3. Board of Trustees
The following have held office during the year:
Becky Roberts (Charity Officer- Secretary)
Sue Falconer {Charity Officer- Chair)
David Lynch (Charity Officer- Treasurer)
Darren Whitt (Charity Officer- Deputy Chair)
Michael Fowkes {from 24110124)
The Trustees ensure that WCPSC is meeting its objectives, and in accordance with the
constitution of the Charity and Charity Commission. The Trustees are volunteers but have the
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legal duty to comply with the Charities Act 2011 and take the lead on making and maintaining
policies for the managerial and financial stability of the club. All Trustees are insured under
our Swim England policy against Public & Products Liability, Professional Indemnity, and
Management Liability.
Trustees are not typically involved in the day-to-day management of the Club. They may
however hold a secondary volunteer position that supports the operations of the Charity.
AsdfrfiWlnc•Jr
Board of Trustees Report
Winchester City Swimming Club has had a highly successful year, marked by strong
performances, community impact, and resilience in the face of challenges such as pool
closures and staff changes.
The competitive squads achieved outstanding results, including national medals and league
Success, supported by new land training initiatives.
The Learn to Swim Programme continues to thrive, serving 450 swimmers with water safety,
confidence and excellent swimming skills, recognised with high sat15faction levels from
members. Whilst challenged by the closure of Kings Pool over the Spring term, competition
from the increase in the number of local private swim schools and the national financial
climate, numbers are Slowly increasing again.
The club's open meets and local events boosted income, strengthened community ties, and
enhanced the club's reputation amongst the competitive swimming world. Inclusive and
community programmes expanded, offering opportunities for children of all abilities to swim.
Several key staff changes created challenges within the management and coaching
programmes; however the dedication and 'can do, attitude of our staff, volunteers and
Trustees ensured the successful delivery of a full programme of teaching, training,
competition and social events throughout the season. Following a vigorous recruitment
process the appointment of our replacement CEO in March was welcomed by staff and
Trustees.
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Despite financial pressures, careful management and committed volunteers ensured stability
and growth. Over311, the club remains proud, forward-looking, and united in its mission to
provide quality swimming for all.
4. CEO Report
The Chief Executive Officer has responsibility for the management of the Charity's activities
and the provision of the re50urce5 and facilities.
Winchester City Swimming Club has enjoyed another memorable year, marked by
outstanding achievements and some significant challenge5 along the way. The club continues
to face these challenges with a collective "can-do" spirit
a reflection of the dedication,
teamwork, and determination shown by our staff and volunteers, who always strive for
excellence in everything we do.
We remain highly competitive within our region, and our reputation as a club that is
progressing in the right direction continues to grow. We are proud to be building a culture
that is inclusive, fun, and rewarding for all. However, we are far from complacent
our
ongoing goal 15 improvement, and this commitment led us to undertake a club-wide survey
this year. The survey provided valuable insight into what we are doing well and where we can
improve. Giving our members a voice has been incredibly worthwhile, helping us reflect,
review, and plan for the future with a clearer sense of direction.
5. Welfare
As a Swim England requirement the charity Welfare Officer provides a first point of contact
for children and adults within the club who have a safeguarding or welfare concern. The
Welfare Officer is responsible for implementing Wavepower, Swim England's safeguarding
policy and procedures document, and is independent from any member of the Board of
Trustees, Management, coaching or teaching team.
The following held office during the 24/25 year: Sarah Smith, David Smith
6. Membership
At the end of August 2025, the club had a total of 923 members. Squad numbers remained
fairly consistent throughout the year with 296 enrolled in squads at the end of August.
Lessons membership numbers dropped significantlyfollowing the spring term pool closure at
Kings School and, at the end of the year, we had 443 swimmers enrolled in the le550ns
programme - 3 reduction of 134 swimmers from the same time last year.
There was a slight increase in non-swimming members to 178 with a rise in registered club
volunteers.
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16(K)
140)
120)
10r
800
600
400
200
2014
2015
2016 2017 2018
2019
203) 2021
20Z2
2011
2024 2025
Squad *Lessons ￿Non.$￿￿mmiftg ￿Total
Social
Creating a fun environment is absolutely essential to help us retain members and additionally
keep swimmers in the sport of swimming long term. We recognise the demand5 of swim
training and competition, both physically and mentally so we emphasise the importance of
allowing time for swimmers, parents and our staff to have some time outside of the pool
environment.
some of the social activities last year included a trip to Thorpe Park during Halloween, and
our Club Presentation Evening with guest speaker Kieron Bird.
We were delighted to welcome Jacob Peters (GB Tokyo Olympic swimmer} to join us at one
of our Senior Performance sessions.
7. Major events timeline
Timeline of Events 2024-2025
Septemberf24
Club Championships
October
Autumn Qualifier L2
National Arena League Round I
Winchester Grand Prix Round I
Club volunteers organised Hampshire Schools Swimming Association gala at WSLP
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November
British Down Syndrome Championships, Crawley
National Arena League Round 2
Grand Prix Round 2
Hampshire Development Camp-4 swimmers qualified, 3 coaches and 2 Team Managers
December
Winchester Winter Championships L3
National Arena League Round 3
Winchester Grand Prix Round 3
Winter Nationals
Januarf25
Club Presentation Evening
Club Annual General Meeting
February
Hampshire Championships- 50 age group finalists, 49 medals (15 gold, 15 silver, 19
bronze), 100 top 8 finishes
&1 Lanzarote - Performance Swim Camp
March
Ice World Swimming Championships
Spring Qualifier Ll- I,OC() swimmers, 62 visiting clubs
Away meet IDorchester)- hosted by Poole Swimming Club
Away meet Imillfield School)- hosted by Chelsea & Westminster Swimming Club
' Launch of Start Para (Winchester)
April
SE Regional Relays
Winchester Novice Gala
British Champion5hips- 6 qualif iers
May
SE Regionals
Launch of Club Survey
Hampshire Development camp -4 swimmers qualified, 3 coaches and 2 Team
Managers
June
International Swimming Competition, Stuttgart- 28 junior swimmers
Summer Splash meet L3
23rd Primary Schools Gala- 200 swimmers from 20 schools, 50 volunteers
Regional Para swimming training & development day- 2 coaches
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July
Nationals- 13 national qualifier5; 3 Gold, I Silver, 3 Bronze; relay team finished 8th
Summer Scorcher meet L3
Inclusive G31a- 42 competitors
Visit from Jacob Peters {Tokyo Olympics fly events)
August
Summer course at St. Swithuns School pool- 28 local primary school children
8. Learn to Swim
The Learn to Swim programme continues to be a cornerstone of our club, providing a safe,
structured, and engaging environment for children to develop essential swimming skills and
confidence in the water.
swimmers are provided with clear progression pathways. Many of our teachers are former
or current competitive swimmers and this enables US to identify future potential and
encourage many of our lessons swimmers to move into more advanced squad training as
they develop their skills. Swimmers have been encouraged to participate in novice galas,
providing them with opportunities for competition and skill development outside the usual
class setting.
A strong emphasis is placed on maintaining high standards, with a focus on the number of
teachers who hold recognised swimming qualifications. This ensures a well-trained team
capable of delivering safe and effective lessons.
The program maintains lower swimmer-to-teacher ratios, which allows for more individual
attention and personalized coaching, enhancing the overall learning experience. The program
prioritizes high-quality instruction, with a focus on skill development, safety, and ensuring
that every swimmer receives the attention they need to progress.
All our facilities are easily accessible, making it convenient for a wide range of participants,
from youth swimmers to adults. The program offers both youth swimming and adult lessons,
catering to a diverse range of participants and skill levels.
Intensive support is provided for children with additional needs, ensuring that all participants
have the opportunity to develop swimming skills in a supportive and inclusive environment.
At the end of August 2025, the club had 443 swimmer5 enrolled in the Learn to Swim
programme; a reduction of 134 swimmers compared with the same time last year.
The fall in membership numbers 15 mainly attributable to the extended pool closure at Kings
School, which had a significant impact on lesson delivery and continuity. During the Autumn
Term, 11 evening sessions were affected or cancelled due to ongoing pool and facility issues.
These challenges culminated in a complete closure throughout the Spring Term (January
April 2025) following the discovery of a majorwater leak in the pool liner, which led to a series
of structural and operational problems.
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During this period, the team worked tirelessly to provide as much continuity as possible. We
were able to deliver a limited number of replacement sessions across Oaklands Community
Pool and Romsey Rapids, and combined a small percentage of our advanced Learn to Swim
members with our lower squads. As a result, approximately IOYO of swimmers were able to
continue training during the closure, while the remaining 90Yo were unable to access lessons.
Their fees were carried forward to ensure fairness and continued engagement.
Since then, Kings School has invested heavily in the facility, appointing a new Centre Manager
and undertaking a significant programme of works, including pool liner replacement,
Structural and cosmetic improvements, roof repair5, upgraded changing rooms, and
enhancements to the plant room. These improvements have allowed the Learn to Swim
programme to resume in a much-improved environment, and we have begun to see
encouraging signs of recovery.
Our Member Satisfaction Survey results from lesson parents was very positive, with families
recognising the club's efforts and understanding the distinction between what we could and
could not control. The fact that over 80Yo of our members chose to stay with us throughout
the closure; a retention rate notably higher than that of other affected swim schools, is both
humbling and reassuring, and reflects the strength of our community and the trust our
members place in the club.
9. Community Programme
Our community programme aims to provide inclusive access to swimming with an emphasi5
that 'swimming is a fundamental life skill, which increases individuals, safety near water as
well as developing confidence, dedication and responsibility. One of our key objectives as a
club 15 to ensure all primary-age children can swim at least 25 metres before leaving school.
The club's 23rd Annual Primary Schools Gala saw 250 enthusiastic young swimmers from 20
local primary schools across the City come together at the Winchester Sport and Leisure Park
for a morning of fun and competition. The event was sponsored by Winchester Round Table
and other local organisations, and offered a competitive swimming experience for 200 local
primary school children. The gala emphasizes fun, partlCiP3tion and the excitement of 3
swimming competition. The Mayor of Winchester, Cllr. Sudhakar Achwal,and supporting local
sponsors helped with the presentation of awards.
We were also delighted to once again run our very popular Inclusive Gala tailored to primary
school children with additional needs, in a safe supportive environment, where swimmers are
assisted by the club's performance swimmers. This gala attracted a record number of
swimmers with 50 children participating.
Working in partnership with a local charity Friends of the Family (charity no. 11434621, who
refer disadvantaged children to integrate into our lessons programme, we were able to
deliver free lessons to 5 children. This programme is funded by a local family charity.
The club delivered Primary School Curriculum swimming programmes for Stanmore Primary
School for 31 pupils and Kingsworthy Primary School for over 60 pupils.
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A booster swimming course at St. Swithun's during August enabled 28 swimmers identified
by the primary schools to access additional lessons for confidence, water safety and skills.
One of our highlights of the season - the
Inclusive Gala- bringing all that is good
about our swimming community together,
helping young people the opportunity to
swim and have fun in the water
Congratulations
WSCS Inclusive Gala swimmers
We were delighted to h05t our 23rd Annual
Primary Schools Gala in June at Winchester
Sport & Leisure Park, welcoming over 250
excited young swimmers from more than
20 local primary schools across the
Winchester area.
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10. Development and Performance Swimming Programme
The 2024-25 season was one of our most successful to date, with exceptional performances
across our competitive squads. A key focus over recent seasons has been developing our
younger swimmers, and this investment is now clearly paying off
both in terms of
performance and depth of talent. Several of our young athletes are now ranked among the
very best in England.
The club performed strongly in the Junior Arena League and successfully retained its place in
the Premier Division of the National Arena League. The season culminated in an outstanding
Showing at the Britlsh and Home Country Nationals, where our swimmers achieved an
impressive collection of medals
a testament to the hard work and commitment of both
swimmers and coaches alike.
The club introduced Land Training for some of our performance and competitive pathways.
The addition of strength and conditioning training has already translated to improved
performance in competition. We will continue to expand our land training provision in the
coming year.
The 2024-25 season has been one of the most successful and inspiring years for Winchester
City Swimming Club. Our swimmers, coaches, parents, and volunteers have all played a vital
role in driving progress both in and out of the pool. From record-breaking performances to
major pathway selections, international representation, and hosting first-class meets, this
Season highlights the strength, depth, and community spirit of our club.
Club Championships
The 2024 Club Championships were our biggest and best yet. For the first time, 1500m races
were introduced, giving swimmers of all ages the opportunity to test themselves in this
challenging event.
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Club
Champs
Here we
The energy on poolside, the sportsmanship
shown, and the number of early-season
personal bests demonstrated the growing
strength and positivity of our club culture.
To cater for swimmers of all levels, we host a Grand Prix series (now more accessible across
squads), and a Novice Gala for our youngest members in addition to other locally invited
clubs. These events provide a fun introduction to competition and help foster a strong sense
of belonging.
Development Pathways
This year saw record numbers of swimmers selected for County, Regional, and National
development camps and programmes, reflecting the progress within our coaching structure.
Notable selections include:
Hampshire County Development Camp: Emily Bourne, Amelia Webb, Maxim Smith
Swim England South East Development Programme: Dana Bulters, Isabella
I ndellicato, Keison Kei
Swim England South East Distance Programme: Kei50n Kei
Swim England National Para Bespoke Talent Programme: Aidan Stanbrook
Swim England National Youth Development Programme: lola Bellinger, Tilly Biggs
Swim England National Youth Development Programme (Distance): Megan Thorpe
Diploma in Sport & Excellence: Aidan Stanbrook
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These selections highlight the exceptional work of our coache5 and the dedication of our
athletes.
County Team Championships
At the National Inter-counties event in Sheffield, five Winchester swimmers- Megan, Emily,
Lexi, Keison, and Ruby - represented Hampshire in Division One, helping the team to a 13th-
place finish, an improvement from last year. This remains a highly competitive event, and we
are incredibly proud of our swimmers, achievements.
Masters Swimming Success
Swimmin8 in temperatures close to
1°C, the ice had to be broken on
the top of the swimming pool!
MOLVENO
One of our amazing Masters swimmers
Desplte normally excelling in the Ikm, she
Cathy Munro took on the Ice World
found the extreme cold took its toll after
Championships in Italy. Competing in the
600m, though her existing world record for
60-64 age group, Cathy put in a remarkable the distance remains intact.
performance, securing a gold medal in the
250m, silvers in the 500m, loom, and Ikm
events, and finishing fourth in the 50m.
In addition, our swimmers proudly represented Winchester in the National Arena League,
building our presence at this competitive national level. The club participated in 3 exciting
rounds and we were able to retain our position in the Premier League with the very best clubs
in the South East Region.
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Training Camps
Two international training and competwtion opportunities were launched this season:
Performance Camp in Lanzarote- February 2025 (senior swimmers}
Wu)ch
Swwnmi
ia
Lanzarote 2025
20 hour$ of trainin8
Junior International Competition Trip to Stuttgart, Germany- June 2025 (younger
swimmers)
Stutt art June 2025
28 of our junior swimmers (ages 11-14}
shone in Germany at the 49th Stuttgart
International Swimming Competition,
finishing 3rd overall and leading all visiting
clubs. Battling tough heat and global
competition, they broke records, won
medals, and showed incredible teamwork.
New Squad Structure
September 2024 saw the introduction of a new squad structure, aimed at creating long-term,
sustainable success. Despite the challenges of change, early results have been very positive,
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with our coaching team embracing new responsibilities with professionalism and ensuring
smooth transitions.
stsrt Para Programme
'Start Para, is an introductory level within the Swim England Para-swimming Pathway
designed to identify, support, and develop swimmers with a disability or impairment who
want to get involved in competitive swimming. There are currently 6 swimmers in the
programme, taught by specialist coaches with supporting volunteer coaches.
County Development Programme
For the first time since COVID-19, the Hampshire County Development Programme returned,
and Winchester had outstanding representation:
Participants included:
Maxim Smith, Samuel Barton, Amelia Webb, Emily Bourne
Staff: Alison Oakley {Team Manager), David Smith {Te3m Manager), Jamie Mitchell
{Skills Coach), Joe Si Ik (Skills Coach), Daniel Oakley (Skills Coach), Ben Reid (Head
Coach)
This involvement reflect5 our growth at the junior level and the expertise of our coaching
team.
Competition Success
The 2024-25 season featured numerous exceptional performances:
Swim England South East Winter Regionals: 20 swimmers competed, winning six
medals. Gold for Ben Hatfield IIOOM Backstroke) and multiple Silver medals for
Pravin Mahendrakumar.
Swim England South East Team Selections: Ben Hatfield and Pravin Mahendrakumar
selected for Luxembourg International Meet 2025.
British Down Syndrome & Para Championships: Caitlin Hatfield won three gold
medals and broke two British records.
Swim England Winter Nationals: Megan Thorpe, Ben Hatfield, Pravin
Mahendrakumar, George Barfield, Ben Minister, and Caitlin Hatfield qualified.
Aquatics GB Championships: Six swimmers qualified, with strong performances from
Sophie De Groot, Pravin Mahendrakumar, and Ben Hatfield.
South East Regional Championships & Welsh Nationals: Daniel Ma won Bronze in
200m Breaststroke; Elliot Latham won two Bronze medals in 200m and 400m
Freestyle.
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• National-Level Success
El￿.
Strong representation from WCSC at top-
tier national events:
AquatiC5 GB Next Gen
Championships
Congratulatlons to our national
medalists &to all 17 swimmers who
represented Winchester
Swim England Summer
Nationals
Swim Wales Summer
Nationals
Athletes from three different squads qualified, showing the effectiveness of our development
pathways. The National Qualifiers were:
Myles Leather, Keison Kei, Matilda Biggs, Ameila Webb, Matthew Stewart, Megan Thorpe,
Elliot Latham, lola Bellinger, Bella Knight, George Barfield, Emily Ain5WOrth-Fletcher, Griff
Thomas, Amelie Bissett.
National Medallists:
lola Bellinger: Gold - 200m Breaststroke; Bronze- loom Breaststroke
edo
lola Bellinger enjoyed end of season
success at British and English nationals-
celebrating with Coach Chris White
Aquotks
Emily Ainsworth-Fletcher: Gold - 50m Freestyle. Gold- 50m Backstroke
Matthew Stewart: Silver- 1500m Freestyle
Matilda Biggs: Bronze- loom & 200m Backstroke
Elliot Latham: Bronze- 200m Freestyle {Swim Wales Summer Nationals)
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Elliot Latham represented the club at Welsh
Nationals and pictured here with two well
deserved medals.
Team Achievements:
Girls 14-16 4xlOOm Medley Relay Team reached the National Final, finishing 8th.
More Than Just Medals
These results reflect the collective strength of Winchester City Swimming Club. Our swimmers
excelled across all strokes and distances, and, most importantly, supported one another every
step of the way. We are not just 3 club of individuals; we are 3 united team in pursuit of
excellence.
Looking Ahead
For the 2025-26 season, our goals remain clear:
Provide every swimmer the opportunity to reach their potential
Continue building a strong coaching and volunteer team
Nurture 3 culture of excellence and enjoyment across the club
These achievements showcase the talent, dedication, and teamwork that define Winchester
City Swimming Club.
We are incredibly proud of our swimmers, and the contribution they make to the wider
community. For example, many of our swimmers voluntarily give up their time to help
support events like the Primary Schools and Novice galas. We encourage and foster an
environment which allows swimmers to develop their skills and personal attributes, many will
train to become lifeguards, swim teacher5 and coaches.
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11. Winchester hosted meets
sw
SUPERSUMMER SPR
SUMMER SCORCH
Fl
SE
Hosted Meets (competitions)
Winchester City Swimming Club continues to be recognised for delivering some of the best-
run Open Meets in the region. In 2024-25, we hosted five major competition5:
Autumn Qualifier- October 2024
Winter Sparkler- December 2024
Spring Qualifier- March 2025
June Sprints- June 2025
Summer Scorcher-july 2025
These events attracted clubs from across the South of England, providing high-quality racing
opportunities and generating vital funds for the club. Our growing pool of volunteers plays an
essential role in making these events Possible. Many parents have become actively involved
as officials or helpers, and their enthusiasm helps strengthen our club's sense of community.
We are immensely proud of their contribution.
Winchester Open Meets are continuing to
grow from strength to strength. The Open
Meets team is building a reputation for
organizing some of the most sought-after
swimming events in the region.
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The success of the Open Meets is attributable to a collective commitment to ensuring every
swimmer, coach, official, and parent feels welcome. The team continually learns and
progresses with each event and demonstrates particular skill in managing the finer details.
This includes providing high-quality catering and organizing a competitive and exciting range
of events.
The scale of the meets does present certain challenges:
Managing a large number of entries can result in some swimmers not securing entry
times.
The team relies heavily on a close working relationship with Everyone Active to ensure
all technical and operational aspects run smoothly.
Volunteer Contribution The operation of the meets would not be possible without
the goodwill and dedication of a large group of volunteers, primarily parents, many of
whom also serve as officials.
Ready for eager
swimmers to
collect their
medals
Our amazin8tech team &
event or8anisers
We all neèd ref￿shMentS to
keep our energy levels up.
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Ready to
welcome
spectators
Event Statistics
A typical Open Meet hosted over a weekend includes approximately:
700 swimmers
50 visiting clubs
140 volunteer roles
140 official roles
400 hours of collective volunteering and officiating
40 hours of pre-competition administration
Impact
The collective effort of everyone involved has a significant positive impact, benefiting:
The Club: Enhances reputation and strengthens community engagement, generating
valuable income through entry fees and spectator charges.
Visiting Clubs: Provides a professional and enjoyable competition experience.
Local Economy: Boosts hospitality and retail sectors through the influx of visiting clubs
staying in Winchester for the weekend.
The Winchester Open Meets are a standout example of effective teamwork, volunteer
dedication, and community engagement. Continued attention to detail and strong
collaboration with partners ensures that these events remain highly regarded and
successful.
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12. Operational management
A management team oversees the operations of the Club.
The following have held office during the year 2024-25:
Grant Robins
David smith
Alison Crompton
Ben Reid
James Swatton
Chris White
Zoe Stemp
Gemm3 Campbell
Chief Executive Officer {until 31/10/24)
Chief Executive Officer {from 14/04/25)
Head of Finance
Head Coach
Head of Lessons
Head of Development
Assistant Head Coach {until 20/11/24)
Finance and Operations Executive
Leavers through the year:
Grant Robins {31/101241
Zoe Stemp (20/11/24)
In addition, the charity employs over 60 paid part time coaching or teaching staff to ensure
the water experience for all is positive and progressive.
Volunteers play a major part in running the Charity and we are truly thankful for their
engagement, positivity and support. This dedicated group fills a wide range of roles
throughout the year. The roles are hugely impactful and include open meet administration,
technical operation, team management, judging and timekeeping at galas, coordinating our
community programme, fundraising, publicity and supporting the general operations of the
club. Thank you so much for giving.
With a mixture of full and part-time contracted staff, the operations team ensures the charity
is run responsibly.
The Senior Leadership Team ISLTI which comprises the Head Coach, CEO, Head of Operations
and Finance and the Head of Lessons meet regularly to oversee all operational matters and
areas of the programme.
SLT'S overall responsibility includes membership administration,
marketing
communications. finance. volunteer coordination. welfare. facilities, coaching and lessons.
SLT reports monthly to the Board of Trustees, which includes detailed finance and operational
reports.
To aid effective operational management the club uses specialised club-management
software to handle membership records, communication and meet entries.
The Board of Trustees works very effectively alongside SLT with Waterside HR, who have
provided invaluable HR support and have assisted with staff contracts and internal working
advice and guidance.
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Staff development has been a key area for us to ensure we drive improvement and standards.
We have high expectations and CPD will continue to be embraced by all staff. Across the
Operational team, Coaching team and Teaching team everyone was involved in improving
themself.
Welfare training was delivered for all our coaches and swim teachers. Safeguarding and
welfare is at the forefront of everything we do and this was a great opportunity to spend
some time collectively to learn and talk through all aspects of welfare in the context of
swimming.
Breathe Workshops were delivered to both swimmers, parents and coaches. The workshops
gave a valuable insight into the science behind breathing in competitive swimming.
Our Diversity and Inclusion strategy strongly advocates the belief that Swimming 15 for
everyone. We continually strive to remove barriers to participation from learn-to-swim
lessons up to performance squads and Masters sessions. Regardless of age, background and
ability we are ambitious to ensure everyone can enjoy the sport and develop.
In our community galas and inclusive events we make sure swimmers who might not have
had the chance to take part in competitive swimming before can feel supported, gain
confidence and experience success.
Being inclusive and welcoming isn't separate from achieving performance, we emphasise
creating a positive, supportive culture, where everyone is able to achieve their best.
Communications
The club has worked hard to raise our social media profile with valuable assistance from a
team of volunteers who have worked to ensure that news items are continually fed via our
Facebook and Instagram pages. In addition, we have changed our monthly Newsletter with
more and varied content. The feedback we have received from our Members has been
incredibly positive.
Communication within the club remains one of our top priorities -we understand the
importance of listening to our members and also keeping them up to date with club wide
activities and stories.
A valuable exercise this year was the launch of a club wide survey. The survey provided an
opportunity for all our Members to have a 'voice' and a focus for the club to see how we are
performing against some of our strategic objectives:
2024-2025 Club SuNey
The 2025 Club Survey received strong engagement, with 75Yo of responses from squad
members. Results confirm high member satisfaction, strong coaching standards, and a
supportive culture. Key development priorities include communication efficiency, structured
feedback, and greater clarity in progression pathways.
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Winchester City
Swimming Club
Survey Highlights
Member Satisfaction: 85¥0 satisfaction across lessons; 74% across squads.
Coaching Excellence: Widely recognised technical expertise and commitment.
Value for Members: Positive feedback on quality, service, and affordability.
Community Strength: Increased engagement through social media and squad
representation.
Key Actions Implemented
Payments: Shift to monthly billing in lessons for improved member flexibility.
Communication
Standard response commitment (3 days; 24 hours for urgent queries).
Competition calendars and updates published earlier.
Coaching:
Recruitment of full-time coaches to enhance stability and feedback.
Development of a comprehensive coaching framework (launch early 20261.
Ongoing coach training in communication, safeguarding, and leadership.
Swimmer Progression:
Formalised and published transparent squad movement criteria.
Broader competition calendar supporting fair access and performance goals.
Current Focus Areas
Strengthen structured feedback for swimmers and parents.
Embed consistent training standards and scheduling across all squads.
Expand land training to support physical development.
Maintain balance between swimmer wellbeing, education, and performance.
Strategic Priorities 2026
Deliver full implementation of the Club Coaching Framework.
Enhance communication and feedback systems Club-wide.
Increase competition opportunities at local and regional levels.
Continue investment in coaching capacity and professional growth.
Build stronger community connections through visibility, transparency, and
engagement.
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Page 23

Winchester City
Swimming Club
13. Facilities
The club continues to work with and build on our relationships with our pool operators;
Winchester Sport and Leisure Park, operated by Everyone Active,
Kings School Community pool
Sir John Moore Barracks Army Training Regiment pool (ATR)
Oaklands Community Pool in Southampton
Romsey Rapids (temporary)
The club faced our most significant challenge with a prolonged closure of our main lessons
pool at Kings School due to maintenance issues. The lack of ownership of a pool is one of our
greatest challenges. The closure naturally had both a financial and reputational cost to the
club and whilst we were able to secure some additional hours at a swimming pool in Romsey
for 6 weeks we were unable to address the financial deficit during this period.
We are also mindful that our Army Training Regiment pool license expires in April 2026, due
to the planned development of the site for housing by the Defence Infrastructure
Organisation (DIOI. The future of the 5POrts facility on the site is uncertain however a
reference in the Winchester District Local Plan states, 'depending on the outcome of this
Ifeasibilityl assessment if they are viable, they should be opened up for use by the local
community and a management plan should accompany any planning application for this part
of the site,.
Our principal training centre, Winchester Sport & Leisure Park150m pool), is used for the
majority of our training and all competition, both internal competition (eg Grand Prixl and
external open meets.
The external demand on this facility ha5 increased, due to the lack of 50m pools for training
and competition in the south of England, and the club must ensure the facility remains
accessible for local people and the future success of the club.
Despite being a relatively new facility we have experienced some unexpected maintenance
challenges and in June the pool was closed for a few days after some tiles had fallen from the
roof into the pool.
Oaklands Community Pool provides opportunities for both lessons and squad training.
Despite the distance from Winchester the pool provides a useful addition when our main
pools are in use or not available.
Maintaining effective working relationships with all our pool providers is absolutely key for
our swimming club and we are working relentlessly to find additional pool provision for the
club. We have made some progress with Winchester College and have conducted a number
of meetings with them to help us secure some pool time in their new pool facility due to open
in 2026.
We continue to strengthen relationships with our pool providers and partners and are
exploring opportunities to expand our access to additional pool space in the coming season.
#weTR YweWIN
Page 24

Winchester City
Swimming Club
14. Financial management
Financial Stability and Future Focus
Rising energy costs and unplanned pool closures have required u5 to focus carefully on
efficiency and cost management. These challenges demand flexibility and resilience from our
coaching and teaching teams, and their adaptability has been invaluable.
Thanks to strong financial management and our ongoing commitment to serving the local
community, this has been an exceptionally active and rewarding year
both in and out of
the pool.
Increased overheads during the year required a prudent approach to budgeting and close
management of expenditure, with the aim of preserving as much of the Restricted Growth
Fund as possible to support the planned expansion into Winchester College, despite its
evolving timelines.
In January 2025, the Club faced an unforeseen challenge when Kings School pool was closed
for 3.5 months for extensive maintenance. This closure affected around 90Yo of the lessons
programme, resulting in the loss of approx £90K spring term lessons income. Despite
significant efforts to relocate sessions to alternative venues, only limited mitigation of this
income loss was possible. In addition, reduced lesson membership following the reopening of
the pool meant that summer term income also fell substantially short of budget.
As a result, the Club became increasingly reliant on income from h05ted open meets, which
generated 3 £70K net profit for the year-slightly above budget. Careful financial
management and the reduction of overheads ensured that the overall net loss for the year
was considerably lower than might otherwise have been expected. Although this1055 could
have been offset by drawing from the Growth Fund, the Trustees made a deliberate decision
to retain this fund for future development.
From a financial administration perspective, the implementation of the new lessons software,
SwimBiz, presented difficulties when its integration with the existing accounting platform,
Xero, did not perform as intended. Resolving these technical issues required considerable
time and effort, with the team working hard to ensure that the impact felt by customers was
minimal.
Fundraising
Income from these fundraising activities is ring-fenced for the purpose of subsidising
additional events and activities for swimmers and to pay for non-budgeted additional
equipment that benefits the majority of the swimmers.
Fundraising activities during the year included:
Charity Lottery
Easy Fundraising
Raffles and cake sales
Second hand kit sales
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Page 25

Winchester City
Swimming Club
This financial year some of these funds were used to purchase a Club gazebo to take to events,
including marketing. We also repaired and replaced some broken Club Championship trophies
and subsidised the Presentation Evening to make it as affordable as possible for the
swimmers. The fund balance at the end of the year was £5,591.
Community Fund
Sponsorship and donations have supported the annual Primary Schools, Gala, Inclusive Gala,
top-up swimming lessons and b005ter courses for less advantaged children to help them
achieve 25m. The funds remaining at year end to continue to support the community
programme are £14,673.
Growth Fund
In 2023 the sum of £70,OLK) was ring-fenced for future investment and growth opportunities
as defined by the Strategy. This financial year the fund has financed all the squad land training
costs for the season. The balance of the Growth Fund at year end is £54,196.
Financial Position for 2024-2025
As detailed within the set of independently examined accounts below, the Charity's 2024-25
financial year shows a deficit of £28,101 (2024: surplus £11,663).
Reserves Policy
The free reserves of the charity stood at £198,790 {2024: £219,714) at year's end, just below
the three month's operating expenditure quoted in the Reserves Policy.
The Trustees have been keeping the overall finances, including the reserves, under close
review during the year.
Approved by the Board of Trustees and signed on its behalf by:
21-Jan-2026
Sue Falconer
#weTR YweWIN
Page 26

WINCHESTER CITY PENGUINS SWIMMING CLUB
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial ststements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presunE that the
charity will continue in operation.
The trustees are responsible for keeping Sufficient accounting record5 that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial Statements
comply with the Charities Act 2011. the Charity {Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the charity and hence f(x taking
reasonable steps for the prevention and detection of fraud and other irregularities.

WINCHESTER CITY PENGUINS SWIMMING CLUB
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WINCHESTER CITY PENGUINS SWIMMING CLUB
I report to the trustees on my examination of the fi'nancial statements of Winchester City Penguins
Swimming Club {the charity) for the year ended 31 August 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145151{bl of the 2011 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
Charities Act 2011.
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and
content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the financial statements give a true and fair view, which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connettion with the examination to wh￿h
attention should be drawn in this report in order to enable a proper understanding of the fi'nancial
statements to be reached.
21-Jan-2026
C J Goodhead FCA
Knight Goodhead Limited
7 Bournemouth Road, Chandler's Ford,
Eastleigh, Hampshire, S053 3DA
Dated:

WINCHESTER CITY PENGUINS SWIMMING CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted Restricted
funds
funds
2025
2025
Total
Total
2025
2024
Notes
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
44,520
801,839
8,763
2.490
2,608
3,386
47,128
805,225
8,763
2,490
47,746
879,541
8,596
1.749
Total income
857,612
5,994
863,606
937,632
enditure on:
Charitable activities
886,015
5,692
891,707
925,969
Net (expenditure)/income for the year/
Net movement in funds
{28,403)
302
(28,1011
11,663
Fund balances at I September 2024
281.389
19.962
301,351
289,688
Fund balances at 31 August 2025
252.986
20.264
273,250
301,351
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.

WINCHESTER CITY PENGUINS SWIMMING CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
Prior financial year
Unrestricted Restricted
funds
funds
Total
2024
2024
2024
Notes
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
45,474
874,448
8.596
1,749
3,685
3,696
49,159
878,144
8,596
1,749
Total income
930,267
7,381
937,648
enditure on:
Charitable activities
921,338
4,631
925,969
Net (expenditure)/income for the year/
Net movement in funds
8,929
2,734
11,663
Fund balances at I September 2023
272,460
17,228
289,688
Fund balances at 31 August 2024
281,389
19,962
301,351
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.

WINCHESTER CITY PENGUINS SWIMMING CLUB
BALANCE SHEET
AS AT 31 AUGUST 2025
2025
2024
Notes
Fixed assets
Tangible assets
549
2,141
Current assets
Stocks
Debtors
2,400
69.512
327,732
7,800
61.292
408,478
Cash at bank and in hand
399,644
477,570
Creditors: amounts falling due within
one year
io
1126,943)
1178,3601
Net current assets
272,701
299,210
Total assets less current liabilities
273,250
301,351
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
13
20,264
19,962
12
54,196
198,790
61,675
219,714
252,986
281,389
273,250
301,351
14-Jan-2026
The accounts were approved by the Trustees on .........................
Trustee
D S Lynch

WINCHESTER CITY PENGUINS SWIMMING CLUB
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
2025
2024
Notes
Cash flows from operating activities
Cash labsorbed byl/generated from
operations
16
(83,2361
21,582
Investing activities
Purchase of tangible fixed assets
Investment income received
{1,6501
1,749
2,490
Net cash generated from investing activities
2,490
99
Net cash generated from financing activities
Net Idecrease)/inc￿a$e in cash and cash
equivalents
(80,7461
21,681
Cash and cash equivalents at beginning of year
408,478
386,797
Cash and cash equivalents at end of year
327,732
408,478

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies
Company information
Winchester City Penguins Swimming Club is a Charitable Incorporated Organisation and is registered
with the Charity Commission in England and Wales.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's constitution, the Charities Act 2011
and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland {FRS 1021 The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting polices
adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus
the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Charitable fund5
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used.
The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the
time of the donation.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlemenL and
the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs
and shared costs, including support costs involved in undertaking each activity. Direct costs attributable
to a single activity are allocated directly to that activity. Shared costs which contribute to morethan
one activity and support costs which are not attributable to a single activity are apportioned between
those activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
A liability arises as soon as there is a legal or constructive obligation commitknng the charity to the
expenditure.
Expenditure falling directly within one cost category is allocated to that category, and if expenditure
relates to more than one cost category it is apportioned on a reasonable, justifiable and consistent
basis between them.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net
of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values
over their useful lives on the following bases:
Fixtures, fittings & equipment
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceed5 and the carrying value of the asset. and is recognised in the statement of financial activities.
1.7 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and. where applicable, direct labour costs and those overheads that have
been incurred in bringing the stocks to their present location and condition. Items held for distribution
at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (Continued)
1.8 Financial instruments
The charitable company only enters into basic financial instrument transactions that result in the
recognition of financial assets and liabilities like trade and other debtors, cash at bank and creditors.
These basic financial instruments are measured and transaction price. Financial assets and liabilities
classified as due within one year are not amortised.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services
are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall
due.
Charitable activities
2025
2024
Swimming lessons
Gala and open meet
Training fees
Other income
227,446
205,216
361,661
10,902
344,706
199,100
325,296
10,439
805,225
879,541
Trustees
None of the trustees {or any persons connected with them) received any remuneration or benefits from
the charity during this year or the previous year.
No trustees were reimbursed for expenses incurred on behalf of the charity in this year or the previous
year.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Charitable activities
Unrestricted Restrirted
funds
funds
2024
2024
Total
2025
Total
2024
Staff costs
Depreciation
Social events
Goods for resale
Gym hire
Pool costs
Other lesson costs
Gala costs
Training
Administration
Travel
Bank charges
Accountancy
Bad debt
Legal and professional fees
331,747
1,592
3,471
7,417
1.784
288,518
5,079
137,393
76,508
15,172
489
331,747
1,592
6,102
7,417
1,784
288,518
5,128
140,405
76,508
15,172
489
405,114
1,592
I,ioo
10,017
530
287,479
6,193
134,277
54,858
14,531
ioi
2,631
49
3,012
60
7,260
192
60
7,260
192
63
6,360
270
9,333
9,333
3,484
886,015
5,692
891,707
925,969
Included in accountancy costs is £1,860 {2024: £1,740) payable to the independent examiners for the
independent examination and £5,400 (2024: £4,620) for other services.
Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act I9￿ or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are appliLYl to its
charitable objects.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Employees
Number of employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Charitable Activities
49
64
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
316,012
12,248
3,487
382,343
17,981
4,790
331,747
405,114
There were no employees whose annual remuneration was £60.000 or more.
Tangible fixed assets
Fixtures, fittings &
equipment
Cost
At I September 2024
8,204
At 31 August 2025
8,204
Depreciation and impairment
At I September 2024
Depreciation charged in the year
6,063
1,592
At 31 August 2025
7,655
Carrying amount
At 31 August 2025
549
At 31 August 2024
2,141

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Debtors
2025
2024
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
56,457
13,055
49,202
12,090
69,512
61,292
Stocks
2025
2024
Goods for resale
2,400
7,800
10 Creditors: amounts falling due within one year
2025
2024
Other taxation and social security
Deferred income
Other creditors
Accruals
3,091
112,726
6,131
4,995
5,419
164,234
1,005
7,702
126,943
178,360
11 Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
3,487
4,790
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of
the scheme are held separately from those of the charity in an independently administered fund.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which
are not subject to specific conditions by donors and grantors as to how they may be used. These
include designated funds which have been set aside out of unrestricted funds by the trustees for
specific purposes.
Atl
September
2024
Incoming
resources
Resources At 31 August
expended
2025
Growth fund
General funds
61.675
219,714
{7,479)
1878,536)
54,196
198,790
857,612
281,389
857,612
1886,0151
252,986
Previous year:
Atl
September
2023
Incoming
resources
Resources At 31 August
expended
2024
Growth fund
General funds
70,000
202.460
{8,325)
1913,013)
61,675
219,714
930.267
272,460
930,267
1921,338)
281,389
The purpose of the growth fund is to support agreed strategic ventures.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
13 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held
on trust subject to specifi'c conditions by donors as to how they may be used.
Movement in funds
Income Expenditure
Balance at I
September
2024
Transfers
Balance at 31
August 2025
Project Fundraising
Community Projects
5,663
14.299
2,608
3.386
(2,680)
(3.012)
5,591
14,673
19,962
5,994
(5,692)
20,264
Balance at I
September
2023
Income Expenditure
Transfers
Balance at 31
August 2024
Project Fundraising
Community Projects
4,491
12,737
2,272
5,093
(I,ioo)
(3,531)
5,663
14,299
17,228
7,365
(4,631)
19,962
Project Fundraising relates to money raised by our fundraising team to go towards buying specific
items for the club.
Community Projects relates to income raised from fundraising and donations for community events
including the Primary Schools Gala.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
14 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2025
2025
Total
2025
Fund balances at 31 August 2025 are
represented by:
Tangible assets
Current assets/{liabilitiesl
549
252,437
549
272,701
20,264
252,986
20,264
273,250
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Fund balances at 31 August 2024 are
are represented by:
Tangible assets
Current assets/{liabilitiesl
2,141
279.248
2,141
299,210
19,962
281,389
19,962
301,351
15 Related party transactions
There were no disclosable related party transactions during the year12024: none), except for those
disclosed in note 4 to the accounts.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2025
2024
Aggregate compensation
124,227
140,266
Key management comprised 5 staff members (2024: 41.

WINCHESTER CITY PENGUINS SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
16 Cash {absorbed by)/generated from operations
2025
2024
IDeficitl/surplus for the year
128,1011
11,663
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
{2,490)
1,592
11,7491
1,592
Movements in working capital:
Decrease/{increasel in stocks
Ilncreasel/decrease in debtors
Increase/ldecrease) in creditors
(Decrease) in deferred income
5,400
{8,2201
91
151,508)
17,8001
39,974
18,2261
{13,8721
Cash {absorbed by)/generated from operations
183,236)
21,582